Amongst the FANG of four, $GOOGL is perhaps the most widely used since it dominates the mobile usage market via Android devices. Search engines, browsers, apps store, you name & it probably has it.
So what else do we not know about them? There are hidden gems within it that has not reached commercialisation yet but will represent its future revenue story. Eg. Boston Dynamics, a robotics firm, its new Youtube original shows, Andy Rubin’s new “Essential Home” smart home device etc etc.
It has low gearing, decent ROE & above sector average net margins. Fundamentally its sound but its multiples aren’t cheap, but technically its bull case isn’t over as it broke into record highs recently. Some consolidation is expected soon as it broke above its 161.8% fib extension recently, so unless its support fails, more accumulation would not be surprising on strong pullbacks.
Equinix ($EQIX) connects the world’s leading businesses to their customers, employees and partners in 44 markets across five continents. $EQIX is a data center company. Riding on the ecommerce, cloud services and data usage boom, its share price has been on a big upcycle.
From its chart, it likely that it still has more room to run up to its final 261.8% fib extension from its 2009 lows of about $550. A pullback soon should be seen as a buying opportunity. Of the listed data center REITs in the NASDAQ, $EQIX is the most globally diversified.
Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles.
It recently broke above its €103.00 long term resistance, and is now likely heading to its 161.8% fib extension from 2009 lows. If it stays above €113.20, its bull trend is likely to persist.
Can the ecommerce king continue its stratospheric rise? It has a clear support line from 2016, and at the moment the thing to be worried about is its overbought weekly RSI, which in its recent history, its price has been sideways for the overbought period. It has just cleared its 161.8% fib extension from 2015 lows, so some consolidation can be expected soon. Unless it breaks that support line, this “FANG” still has bite left.
Blackmores Limited is engaged in the development, sales and marketing of health products for humans and animals, including vitamins, herbal and mineral nutritional supplements.. It has declined >50% in the past 2 years, but it may finally be turning the corner as its RSI is showing relative strength & its trading between its 50% – 61.8% fib retracement from its 2015 highs. The safer long trade would be to wait for it to break above $120 with strength. Going long now would be higher risk due to it being stuck in its trading range of $98 – $120.
Regeneron Pharmaceuticals Inc, $REGN, is a biopharmaceutical firm that discovers, invents, develops, makes and commercializes medicines for the treatment of serious medical conditions.
$REGN is trying to break above its year long rising resistance. A strong break above this will be very bullish, & will set it up to go back to its 38.2% fib retracement from its 2015 highs.
Paychex has been on a tear since 2009, so how much legs does it have left? It needs to hold its rising support with strength, & safer long trade would be to wait for it break above $61.87, its clear major resistance. Beyond that, its first target is around $67.90, before moving towards its 161.8% fib extension from 2009 of $87.00.
HMI recently reported earnings. It is now just above its long term support. Its above sector average ROE, sector average net margins & low total debt to equity could represent a good buy for long & short term traders.
OCBC is on the verge of a big breakout of its long term resistance. What it does now onwards will be key to its future direction as a breaking above the resistance is a very bullish sign for getting back to its 2013 highs & beyond.
DBS is now at its top end of a big multi-year consolidating triangle. A strong break above its resistance will be a bullish sign to set it back towards its 2007 highs. First target if it breaks out is $21.47, then $25. If it reverses back down, downside target is $20.00, then $18.50. It next reports on 04 Aug 2017.